Arista Networks, Inc. $ANET Stock Sold by Formuepleje A S

Formuepleje A S lessened its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 44.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,835 shares of the technology company’s stock after selling 3,793 shares during the period. Formuepleje A S’s holdings in Arista Networks were worth $984,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ANET. Davidson Trust Co. purchased a new position in shares of Arista Networks in the 3rd quarter valued at approximately $3,512,000. Deutsche Bank AG boosted its position in shares of Arista Networks by 4.3% during the second quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company’s stock valued at $1,589,651,000 after purchasing an additional 388,354 shares in the last quarter. Ferguson Wellman Capital Management Inc. grew its stake in Arista Networks by 2,827.9% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 52,381 shares of the technology company’s stock worth $10,664,000 after purchasing an additional 50,592 shares during the period. First National Bank of Mount Dora Trust Investment Services purchased a new stake in Arista Networks in the first quarter worth $5,279,000. Finally, Whitaker Myers Wealth Managers LTD. grew its stake in Arista Networks by 564.1% in the second quarter. Whitaker Myers Wealth Managers LTD. now owns 16,847 shares of the technology company’s stock worth $2,862,000 after purchasing an additional 14,310 shares during the period. Institutional investors own 82.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ANET. Bank of America reissued a “buy” rating and set a $240.00 price objective (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Needham & Company LLC restated a “buy” rating and set a $260.00 target price (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Weiss Ratings downgraded shares of Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 6th. Piper Sandler reiterated an “overweight” rating and issued a $240.00 price target (up from $181.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, KeyCorp reiterated an “overweight” rating and issued a $250.00 price target (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $235.45.

Arista Networks Stock Performance

Shares of ANET traded down $12.27 during mid-day trading on Thursday, reaching $183.15. The company had a trading volume of 6,047,001 shares, compared to its average volume of 7,858,619. The company has a market capitalization of $230.99 billion, a price-to-earnings ratio of 57.77, a price-to-earnings-growth ratio of 2.38 and a beta of 1.60. The firm has a 50-day moving average price of $198.83 and a 200 day moving average price of $173.87. Arista Networks, Inc. has a 52 week low of $114.52 and a 52 week high of $217.41.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%. The firm’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same quarter last year, the company earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, research analysts forecast that Arista Networks, Inc. will post 3.79 earnings per share for the current fiscal year.

Insider Transactions at Arista Networks

In other news, insider Kenneth Duda sold 17,333 shares of the firm’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $203.50, for a total transaction of $3,527,265.50. Following the completion of the transaction, the insider directly owned 12,976 shares in the company, valued at $2,640,616. This trade represents a 57.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 130,553 shares of Arista Networks stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $217.10, for a total value of $28,343,056.30. Following the completion of the transaction, the chief executive officer directly owned 4,774,691 shares of the company’s stock, valued at approximately $1,036,585,416.10. This represents a 2.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 3,627,449 shares of company stock valued at $740,784,723. 2.70% of the stock is currently owned by corporate insiders.

Arista Networks Profile

Arista Networks, Inc develops and sells cloud networking solutions for data centers, campus environments and high-performance computing applications. Its products include Ethernet switches, routers, wireless access points and related networking equipment designed to support cloud computing, artificial intelligence, enterprise and service-provider networks.

The company’s software portfolio includes Arista EOS, its network operating system, and CloudVision, a platform that helps customers manage, automate and monitor network infrastructure.